b'Mercia asset Management PLc59Annual Report and Accounts 2021Diane Seymour-WilliamsRay ChamberlainDr Jonathan Pell Caroline Plumb OBESenior Independent Director Non-executive Director Non-executive Director Non-executive DirectorDate of appointment Date of appointment Date of appointment Date of appointmentNovember 2020 December 2014 December 2017 June 2018Experience Experience Experience ExperienceDiane is a non-executive director ofRay is an entrepreneur with anJonathan brings extensiveCaroline is a serial entrepreneur Standard Life Private Equity Trustestablished track record ofexperience in the technology sector,who previously co-founded plc, PraxisIFM Group Limited and shareholder value creation. Untiloriginally in both finance director andrecruitment and innovation SEI Investments (Europe) Ltd and is1997, Ray was executive chairmanchief executive roles and latterly inconsultancy FreshMinds, with a director of Acorn Capital Advisersand the principal shareholder ininvesting in and helping to scale upclients including Jaguar Land Rover, Limited. Most recently, Diane wasForward Group PLC, which he grewtechnology ventures. HavingVodafone and Google. She remainsStrategic report Financial statementsalso a non-executive director offrom a start-up company in 1978 toqualified as a chartered accountant involved with FreshMinds as Brooks Macdonald Group Plc,become one of Europes leadingat PwC, Jonathan gained significantnon-executive chair and is CEO of serving a nine-year tenure. Dianehigh-technology printed circuitexecutive experience, firstly in seniorFluidly, which she founded in 2016,has significant industry experience,board manufacturers, listed on thefinance positions at Convergysa venture-backed SaaS business in having worked at Deutsche AssetMain Market of the London StockCorporation (NYSECVG), Genevathe fintech space. Caroline wasGovernanceManagement Group (previouslyExchange. In 1997, Forward GroupTechnology Ltd, Thomas Cook Retailpreviously an independent panel Morgan Grenfell) for over 23 yearsaccepted a 129.0million offer fromLtd and Semitool Inc. He thenmember of the 2.7billion Regional where she held various seniorPCB Investments plc, a companybecame CEO at Datanomic Ltd, whereGrowth Fund and served as one of positions, including CIO and CEO established by Hicks, Muse, Tate &he oversaw a twenty-fold increase inPrime Minister David Camerons for Asia.Furst. Subsequently, Ray diversifiedthe companys global customer baseBusiness Ambassadors representing Diane subsequently spent ninehis interests in a number of areas,and compound revenue growth ofthe Professional and Business years at LGM Investments Limited, which included setting up the105% over a four-year period, beforeServices sectors. a specialist global emerging andForward Innovation Fund, a trustbeing purchased by Oracle Inc (NYSECaroline was awarded an OBE infrontier markets equities manager,focused on investing in university ORCL) in 2011.the 2016 Birthday Honours list for where she was global head ofspinouts and other technology-ledSince leaving Oracle Inc in 2012,services to business and charity.relationship management. Herstart-ups. Ray was appointedJonathan has founded his ownShe has an MEng in engineering, non-executive experience spans Non-executive Chair at the time ofearly-stage technology investmenteconomics and management from the quoted wealth and assetthe Groups IPO and having steeredvehicle, Thorium TechnologyOxford University.management, global equity, privateMercia through its first 18 months asInvestors, and currently sits on theCaroline is a serial start-up equity, investment services and VCTa listed company, moved to aboards of a number of youngentrepreneur and is highly effective sectors. She is a pro-bono membernon-executive position in May 2016. technology businesses. Jonathan in bringing her current venture of the Investment Committees ofRay has deep venture experiencehas a degree in zoology with marinecapital investee insights to Mercias Newnham College, Cambridge andacross several decades and sectors,zoology from the University of Wales,Board and strategy meetings.the Canal & River Trust. as both a founder of and investor inBangor and a PhD in cell proliferation many start-up businesses whichfrom the University of East Anglia.have resulted in successful Jonathan has considerable venture cash exits. and private equity investing experience, both as a CFO and CEO of private equity-backed businesses that have successfully exited, and as the founder of a technology-focused venture angel investor group.Board compositionMeetingscommitteesIndependence Attendance (Total 9) Membershipexecutive executive Audit & RiskMembers3 Dr Mark Payton9RemunerationMartin Glanfield9 non-executiveJulian Viggars9 NominationMembers5non-executive Ian Metcalfe9 Ray Chamberlain9 Dr Jonathan Pell9 Caroline Plumb OBE9 Diane Seymour-Williams3'